RE:RE:Dutch auction of up to $1B announced today"In various open market transactions between May 22 and June 24, 2021, Brookfield sold an aggregate of 1,174,972 Common Shares over the Toronto Stock Exchange for aggregate consideration of C$104,062,873 (excluding brokerage commissions). Additionally, on July 2, 2021, Brookfield, through BIC WFG, sold an aggregate of 5,156,885 Common Shares over the Toronto Stock Exchange to an unaffiliated third-party Canadian financial institution for aggregate consideration of C$454,950,192.78. See Items 5(c) and 6 below for more information on the aforementioned transactions."
I am guessing here...but I'm going to say the ~5M shares for ~454M that brookfield sold to a 3d party Canadian financial institution are going to be bought back directly under this 1B program for lets say 500M even. I was wondering why WFG was holding onto CAD dollars since en of may and I think this is why.
This should mean that Brookfield is totally out now and the selling pressure from the last 3 months should be lifted going forward.